The Sustainability Reporting Grant (SRG) helps Singapore companies pay for their first sustainability report that includes ISSB-based climate-related disclosures (IFRS S1 and IFRS S2). It is co-administered by the Economic Development Board (EDB) and Enterprise Singapore. SGX-listed companies, and companies with annual revenue of at least S$100 million, can apply before they reach their mandatory reporting timeline. The grant covers the lower of 30% of qualifying costs or S$150,000, and each company may apply only once.
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For many listed companies and large non-listed groups, the first ISSB-aligned climate report is a significant cost: consultants, data systems, staff training and external assurance of greenhouse gas figures. The SRG offsets part of that cost, but only if the company applies at the right time and keeps its spending inside the rules. This guide sets out who qualifies, the deadlines, what the grant pays for and how the claim works.
Who is eligible for the Sustainability Reporting Grant?
EDB’s SRG factsheet (version 1.1, August 2026) says a company must:
- be registered or incorporated, and physically present, in Singapore;
- be listed on SGX, or have annual revenue of at least S$100 million; and
- intend to produce its first sustainability report incorporating ISSB-based climate-related disclosures, covering IFRS S1 and IFRS S2.
A company is not eligible if it:
- has already reached its compliance timeline for mandatory sustainability reporting (for example, STI constituents for reports on financial years starting on or after 1 January 2025);
- is exempt from mandatory reporting because its parent publishes a qualifying report that covers its activities;
- has already published a sustainability report with ISSB-based climate disclosures; or
- has started the project before applying, unless the agency advises otherwise.
Applications are made company by company; Enterprise Singapore states that group applications are not allowed. If you are unsure whether your company has a mandatory timeline, our article on who must report and from which financial year explains the regime.
Which agency handles your application?
The SRG is one grant with two administrators. Companies with at least 30% local equity, held directly or indirectly by Singapore citizens and/or permanent residents on an ultimate-ownership basis, apply through Enterprise Singapore on the Business Grants Portal. Other companies, including most foreign-owned Singapore subsidiaries, apply through EDB, usually via their EDB account manager.
How much funding can you get?
The grant is the lower of 30% of qualifying costs or S$150,000. Qualifying costs fall into four groups:
| Cost category | What is covered | Key conditions |
|---|---|---|
| External training | Course fees from external, non-related providers to train staff for the first ISSB-aligned report | Trainees must be permanent or contract employees, not interns or secondees |
| External consultancy and assurance | Consultancy, subcontracting, testing, certification and assurance directly related to the project | Provided in Singapore by a Singapore-based independent third party |
| Equipment | Purchase price, hire purchase principal or lease payments, plus delivery, calibration and installation | Used in the project and incurred in the qualifying period; financing interest excluded |
| Technical software | Purchase, lease or licence fees for software needed for the project | Only the period of use for the project; financing interest excluded |
All qualifying costs must relate to a single reporting period. EDB’s own example: if you subscribe to monthly carbon-accounting software for an FY2024 report, only 12 months of fees (or one annual subscription) can be claimed.
Example: A non-listed Singapore distributor with revenue of S$260 million plans its first ISSB-aligned report. It budgets S$280,000 for consultancy, S$90,000 for limited assurance, S$30,000 for staff training and S$20,000 for software, a total of S$420,000. Thirty per cent is S$126,000, below the S$150,000 cap, so S$126,000 is the maximum grant. A listed company spending S$600,000 would hit the cap: 30% is S$180,000, so the grant is limited to S$150,000. These figures are illustrative.
What are the application deadlines?
| Company category | Application deadline |
|---|---|
| STI constituents | 31 May 2025 (no longer eligible) |
| Non-STI listed companies with market capitalisation above S$1 billion | 31 January 2028 |
| All other listed companies | 31 January 2030 |
| Large non-listed companies (revenue of S$1 billion or more and total assets of S$500 million or more) | 31 January 2030 |
| Other non-listed companies (revenue of S$1 billion or more with assets below S$500 million, or revenue from S$100 million to below S$1 billion) | 31 January 2030 |
The deadline is not the only limit. Once your company reaches its mandatory reporting year, it stops being eligible, even if the table date has not passed. Apply well before the financial year for which your first ISSB-aligned report will be prepared.
What are the assurance rules?
Enterprise Singapore’s SRG FAQs state that external limited or reasonable assurance can be supported where it at least verifies Scope 1 and Scope 2 greenhouse gas emissions in the submitted report. Assurance providers must be based in Singapore and be either audit firms registered with ACRA or testing, inspection and certification bodies accredited by the Singapore Accreditation Council. You can choose your own provider; there are no pre-approved vendors. Our article on what a Singapore climate disclosure must contain and who has to assure it covers the reporting standard itself.
Pre-assurance (a trial run before formal assurance) can be claimed only together with the company’s first ISSB-based report, and only if it was done to prepare that report.
How do you apply?
- Confirm eligibility and route. Check listing status or revenue, your mandatory timeline and your local equity, then decide whether Enterprise Singapore or EDB handles the application.
- Get quotations before committing. Obtain proposals with fee breakdowns by scope and phase. Do not sign or pay before applying unless the agency has agreed in writing.
- Prepare the application. This includes the Supplementary Form describing qualifying costs, plus financial statements and quotations.
- Submit. Enterprise Singapore applications go through the Business Grants Portal; EDB applications go through your account manager or EDB’s enquiry channel.
- Accept the Letter of Offer. Check the qualifying period, deliverables and the claim conditions.
A note on timing: EDB’s factsheet allows external consultancy and assurance costs incurred up to 12 months before the qualifying period to qualify for specific purposes (data review, pre-assurance checks and report preparation). Enterprise Singapore, however, treats signing a contract or paying a provider before the application date as a retrospective project unless it advises otherwise. If you have already engaged a consultant, raise it with the agency before you apply.
Documents checklist
- Audited financial statements or certified management accounts: the last financial year for listed companies, the last two for non-listed companies.
- Consultancy and assurance quotations or proposals, with fees broken down by scope, phase and description.
- Training quotations naming the course, participating employees and their employment status.
- Equipment and software quotations with purchase, installation, lease or subscription details.
- Shareholding information showing local equity, if applying through Enterprise Singapore.
What happens after approval?
The qualifying period is fixed at two years, and the requested start date must be within one year of the application date. The only milestone is producing the first sustainability report with ISSB-based climate disclosures by the end of the qualifying period.
You make one claim, after submitting the completed report and a Declaration Form for Verification of Sustainability Report (provided with the Letter of Award). Enterprise Singapore requires claims to be verified by an external auditor before submission, with contracts, invoices, delivery orders, training records, employment contracts and proof of payment. Breach of the grant conditions allows the agency to revoke the grant. Good grant records matter; see our guide to record-keeping for grants, and our article on the tax and accounting treatment of grants for how to book the receipt.
What if your revenue is below S$100 million?
The SRG is not designed for smaller companies. EDB’s factsheet points companies with revenue below S$100 million to Enterprise Singapore’s SME Sustainability Reporting Support Programme and to IMDA support for pre-scoped carbon accounting solutions. Check current availability with those agencies. SMEs working on wider sustainability projects can also look at Enterprise Singapore’s sustainability support and our directory of Singapore government grants for companies. Manufacturers cutting emissions may be interested in the Resource Efficiency Grant for Emissions.
Frequently asked questions
Can a foreign-owned Singapore subsidiary claim the SRG?
Yes, if it meets the listing or revenue test and has not reached its mandatory timeline. Companies below 30% local equity apply through EDB rather than Enterprise Singapore.
Can we apply for the SRG twice?
No. Only one application per company is allowed, and only one claim is made.
Does the grant cover internal staff salaries?
No. The published qualifying costs are external training, external consultancy and assurance, equipment and technical software. Internal salaries are not listed.
We published a sustainability report last year. Are we still eligible?
Possibly, if that report did not include ISSB-based climate disclosures. A company that has already published an ISSB-based report is not eligible.
Does the assurance provider have to be in Singapore?
Yes. It must be Singapore-based and either an ACRA-registered audit firm or a testing, inspection and certification body accredited by the Singapore Accreditation Council.
Official sources: Enterprise Singapore SRG page and EDB SRG factsheet.
Information checked against official sources on 6 November 2026.
Free grant consultation: is the Sustainability Reporting Grant right for your company?
Raffles Corporate Services has in-house certified grant consultants who are experienced with Singapore grant applications and the full grant process, from checking eligibility and preparing the proposal and supporting documents to submitting claims and meeting the conditions after approval. We can arrange a free consultation to review your company and identify which grants, including the Sustainability Reporting Grant, may be applicable.
Email [email protected] or WhatsApp +65 8501 7133 to book a time. EDB or Enterprise Singapore decides every application, and no consultant can guarantee approval.
Kevin Yeo, Raffles Corporate Services